253-26 EC Register - Recorded-Filed WOHRP Mtg..pdf

4) Repairs. He/she will keep the property in good repair, neither damaging nor abandoning it. He/she will allow the LENDER to inspect the property upon reasonable notice. 5) Mortgage and Mortgage Note. He/she wil! comply with all of the terms of the Mortgage, Mortgage Note and the West Orange Township Housing Rehabilitation Program guidelines and procedures. If any provision of this Mortgage is found to be inconsistent with the Mortgage Note, the terms of the Mortgage Note shall control. 6) Lawful Use. Use of the property shall be in compliance with all t! ordinances arid other requirements of any governmental authority, 7) The LENDER shai! have all rights and remedies to insure and to protect the LENDER'S security interest in the proper The LENDER may declare BORROWER(S) in defaul Mortgage if: a) BORROWER(S) fails to make any paymet b) BORROWER(S) fails to keep any. Note or this Mortgage; c) BORROWER(S) sells the <. transfers title to the property, dies, or ( in the case of a single family home),th Piper rents it to anyone for any reason. If the property contains rental units, the borrower may only rent to certified low or moderate income renters per COAH re 's for the life of the Mortgage and Mortgage Note.; debt) on the property starts foreclosure proceedings; or f) There is a default under a senior mortgage; or g) BORROWER(S) fails to comply with any term or condition set forth in the West Orange Township Housing Rehabilitation Deferred Loan Agreement, the Mortgage Note, this Mortgage or the West Orange Township Housing Rehabilitation Program guidelines anc procedures. 8) Rights Given to the Lender. BORROWER(S) mortgage the property to the LENDER. This means that he/she gives the LENDER those rights stated in this Mortgage, alsc: those rights the law gives to lenders of mortgages on real property.